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| Q
1
: Can I qualify for a mortgage in Poland ? |
| Yes, mortgages are a relatively new concept in Poland replacing the traditional personal bank loan system. There are many banks and building societies providing mortgages for foreign buyers there are also mortgage companies based in the UK specialising in overseas mortgages. Providing you can meet the income requirements and produce the relevant financial history you will qualify for an 80% mortgage loan. Please see our links page for contact details of various banks or contact us for more information. |
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| Q
2
: What is the best way to get to Poland? |
| There are several airlines which now fly regularly to Poland, these are www.ryanair.com, www.centralwings.com, www.wizzair.com, and www.airlingus.com.
Please paste these site addresses into your browser for more info. |
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| Q
3
: I want to buy what's the next step? |
| Once you have discovered the property you would like to purchase there is a deposit system in place. This is seller specific.
If its a private sale then we negotiate the deposit with the seller in order for them to remove the property from the market.
Depsoits should be between 5 and 10%. If you are buying from a developer 2000 Euros usually secures your property reservation.
If you are buying a historical property there are several deposit systems in place depending on how you will buy; for example an auction. Please contact us for more information or see our "buying procedure page". |
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| Q
4
: I would like to book an inspection visit with your company, how much notice should I give you? |
| Simply call or email our office with your travel itenary and we will endeavor to book your flights and accommodation for you. We can normally arrange inspection visits within a few days notice. How ever at certain times, particularly Christmas and Easter we may require longer in order to assure accommodations are available. |
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| Q
5
: Can I rent my property in Poland? |
| Yes, it is common that a client wishes to long term let their property once purchased in order to cover the mortgage outgoings. Poland-Direct has many contacts in this area. The rental market for inner city property is currenlty struggling to supply demand therefore the rental rates are becoming increasingly attractive. Please contact us for more information on this subject. |
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| Q
6
: What are the costs involved for purchasing property in Poland? |
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1. Deposit
2. Agents fee (Poland-Direct)
3. Notary fee
4. Solicitor
5. Tax
The following figures are based on a purchase of 100,000 Euros
1. 5% or 5,000 Euros
2. 3.0% of purchase price negotiable
3. 1.0% Notary fee @ 1% of purchase price
4. Solicitors charge below 1% over the course of the purchase
5. Tax is payable at 2.0% of the purchase price |
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| Q
7
: Are there any restrictions for overseas buyers in Poland? |
| For private apartments and houses there are no restrictions for European Union member citizens. Only with historical properties or properties which include a significant amount of land are there any restrictions. In this case the applicant will need to apply for permission from the Government, applications are usually prcoessed within four weeks and the conclusions generally accepted provided all the elements are in place. |
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| Q
8
: How easy is it to purchase property in Poland? |
| Purchasing a property in Poland is generally speaking a simple process. The single most inportant factor is to ensure that you use the services of a licensed Real Estate company. Poland-Direct are here for your individual requirements and therefore we represent you, the client. |
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